ETF APPROVAL

Former SEC Chairman Thinks Bitcoin ETF Approval 'Inevitable' Despite recent delays in decisions on Bitcoin exchange-traded funds (ETFs) by the US Securities and Exchange Commission (SEC), former committee chairman Jay Clayton remains optimistic about their future.

In a recent interview, Clayton noted, "Approval is inevitable." He stressed that the "dichotomy between a futures product and a cash product cannot go on forever."

He pointed to the growing enthusiasm and support of major financial institutions for Bitcoin investments. This would indicate that a change is underway in how the ordinary investor can access crypto. Recently, the SEC took a little more time to review ETF filings from leading companies such as BlackRock, WisdomTree, and Fidelity. On this, Clayton said, “I expect to see progress on this in the future